November jobs report released by DED
JEFFERSON CITY, Mo. – The Department of Economic Development (DED) released the jobs report for Nov. 2015 on Tuesday, showing a decrease in unemployment.
Missouri’s unemployment rate was at 5 percent, but now sits at 4.7 percent – a drop of three-tenths of a point. Missouri had the 25th lowest unemployment rate in the country for October and now sits below the national average of 5 percent. North Dakota had the lowest at 2.8 percent.
DED reports nonfarm payroll employment increased by 2,200 jobs with the construction industry led in growth with the addition of 1,500 jobs.
“Today’s report showing Missouri’s unemployment rate dropping to the lowest point in nearly a decade is another major milestone in our continued economic recovery,” Gov. Nixon said. “Since my very first day in office, growing the economy and creating jobs for Missouri families have been my top priorities. There is still more work to do, but by balancing budgets and making smart investments, we will continue to create jobs and build a stronger and more prosperous future for our state.”
The new rate is the lowest Missouri has seen since April 2006.